Sanmina Corporation (SANM)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 222,536 | 309,970 | 240,384 | 249,546 | 139,713 |
| Total assets | US$ in thousands | 4,822,840 | 4,873,970 | 4,835,530 | 4,206,720 | 3,772,660 |
| ROA | 4.61% | 6.36% | 4.97% | 5.93% | 3.70% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $222,536K ÷ $4,822,840K
= 4.61%
Sanmina Corporation's Return on Assets (ROA) has experienced fluctuations over the past five years. The ROA decreased from 6.36% in 2023 to 4.97% in 2022 before increasing to 5.93% in 2021. In the most recent fiscal year ending September 30, 2024, the ROA further declined to 4.61%. These fluctuations suggest varying levels of efficiency in generating profits from the company's assets over the years. The downward trend in ROA since 2021 may indicate potential challenges in managing assets effectively to generate earnings. Further analysis of the company's operating and financial performance is recommended to understand the underlying reasons for these fluctuations and to assess the overall financial health and efficiency of Sanmina Corporation.
Peer comparison
Sep 30, 2024